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Page, recommended to answer these questions: what makes your product or service is unique?, what the client’s needs cover?, how you want people to perceive the products or services? and how is the competition positioned? 4. Competition this indicates whether the products and services are suitable for the competitive environment. If you include it, that you understand the industry and are ready to deal with some of the obstacles that you will find the company you partaking. It briefly describes major companies from competition. Evaluations should include comments on the modes in which they met and not the needs of customers.

Explain why you think that your company can obtain a share of the market. 5 Cost of production and development in this part of the budget goes into action. You must include the cost of the design of the prototype and the costs of its production in the case of products. In terms of services, you must perform the consultancy costs, training, preparation of material, etc. Make sure you include labor.

When planning costs, gives a contingency plan which mention what would happen if there were problems such as delays, difficulties to comply with the standards of the company, errors, etc. 6. Sales and Marketing describes both the strategy and the tactics that you used to get customers to buy your products or services. Sales and marketing are the weaknesses of many business plans links, so it is important that you spend them all the time that is necessary. A section on sales and solidly prepared marketing can serve as a road map. Also assures potential investors that you have a viable plan and the resources to promote and sell your products and services. 7 Managerial strengths a good management team is able to take an idea, albeit mediocre, and make it fly. This section of the business plan refers to the address of the undertaking which must show clearly that the computer that you fashioned or will form, is a winning team. It is essential that each Member has the talent and experience relevant to the business. Remember that although at first believe that this plan is a waste of time, doing so will allow you to properly address your business and will compliment you the realization of the project, concludes Gregorio Perez.